FM draft:5 pct VAT for acquisition of single home, with value of maximum 140,000K euro 

   A VAT rate reduced to 5% will be possible only for the acquisition of a single home, the value of which would be between 450,000 RON and 700,000 RON, without VAT, according to a draft Emergency Ordinance published by the Finance Ministry (FM)."As the application of the reduced rate of VAT for the delivery of houses, according to European and national legislation in the domain, must be social in character, regulation is necessary ...

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